Screen Shot 2021-07-27 at 9.13.24 AM.png

To Our MiDA Network,

As the Summer of 2021 progresses, we hope that everyone is finding some time to rest and recharge for a busy second half of the year. Although challenges to global economic recovery persist, we should all be encouraged by the accelerating (albeit inconsistent) roll-out of vaccine protocols in the U.S. and around the world. After such a long hibernation, we will certainly have “fits and starts” with transitioning to our new normal; but thankfully we’re increasingly seeing companies, schools, cities and other private & public institutions opening their doors for a return to moderated in-person and on-premise engagement. Metaphorically speaking, the sun is finally breaking through the storm clouds.

With that as our backdrop, NASP and MiDA Advisors are very excited about the prospects of increasing engagements - between U.S. institutional investors and their peers and investment managers on the African continent - in the weeks and months ahead. As you will see in this quarter’s newsletter, we have some excellent programming forthcoming to advance that agenda. And, we’re eagerly looking forward to your continued engagement and support on this journey.

Warm Regards,

Lee Stephens, AIIAC - Chairman and Aymeric Saha, MiDA Advisors - CEO

NASP-MiDA Advisory Council Member Spotlight

Joseph Boateng Guest-Authored Article in

Impact Alpha

Africa was home to half of the world’s 10 fastest growing economies last year. Institutional investors must begin to seriously consider Africa as an investment destination.

Angela Miller-May Featured in Africa Global Funds Publication

AGF’s Anna Lyudvig speaks with Angela Miller-May about the Fund, investment opportunities in Africa and private equity.

MiDA Advisors Congratulates Angela Miller-May on her new role CIO of Illinois Municipal Retirement Fund

Angela Miller-May was named chief investment officer of the Illinois Municipal Retirement Fund.

Ms. Miller-May will join the $53.1 billion pension fund on Aug. 16, 2021.

USAID-Funded Initiatives Update

WE>MI Initiative Kicks Off in Southern Africa

The USAID-funded Women Empowerment Mentoring and Incubation Fund Manager program (WE>MI) was successfully launched in June. The first part of the program (technical assistance) has commenced. This first phase provides participants with practical tools and key insights into connecting to, and working with, potential investors in the U.S., Africa, and globally.

Watch the video to hear more about the WE>MI initiative and its goals.

Watch Video

Kenyan Institutional Investment Update

Funded by USAID, MiDA in partnership with CrossBoundary continue to provide technical assistance to the Kenyan Pension Funds Investment Consortium (KEPFIC). Notable strides have been made with regards to KEPFIC investing in alternative asset classes. Our team was instrumental in a pipeline development for the consortium that includes a road development bond project in the northwestern part of Kenya which is now being strongly considered. This is a bond project that is 100% guaranteed by GuarantCo and the project sponsor and placement agent is Stanbic. Stanbic is looking to raise US$2B and is open to co-investors in the United States.

MiDA in collaboration with KEPFIC and the World Bank, have been providing technical support and independent assessments of these projects to trustees and fund managers.

Allocations to African Private Equity and Infrastructure by U.S., Kenyan, and South African Pension Funds Facilitated by MiDA through USAID Funding

Recent US and African institutional capital allocations into Africa focused funds represent a significant accomplishment in USAID’s mission to expose and facilitate investment opportunities for U.S. institutional investors alongside African institutional capital in Africa's key sectors and enterprises.

Some of the institutions that co-invested in these funds include:

Chicago Teachers’ Pension Fund
Kenyan Pensions Funds (members of KEPFIC)
City of Philadelphia
Eskom Provident Pension Fund (EPPF) - South Africa
City of Hartford Pension Commission

Screen Shot 2021-07-23 at 3.08.46 PM.png

Upcoming Events

MiDA-NASP Webinar

The highly anticipated continuation of the first groundbreaking Mercer research on investing in African markets for institutional investors is here.

MiDA Advisors is proud to collaborate with NASP to discuss the upcoming report Infrastructure Financing in Sub-Saharan Africa: Opportunities and Impact for Institutional Investors (Mercer publication part II). This webinar will focus on key themes from the publication and highlights from the executive summary that are relevant in African markets climate today. Register and be part of the conversation.

Save the Date:

NASP Annual Conference and

African and Emerging Markets Summit 2021

Screen Shot 2021-07-15 at 2.38.11 PM.png

Registration is now open for the NASP 32nd Annual Virtual Financial Services Conference and African and Emerging Markets Summit 2021. This year's Conference will not only focus on the "Talk" but the LEADERSHIP/ACTIONS required to make IMPACT happen in the Global Financial Services Industry.

Early bird registration ends August 16,2021.

Congressman Gregory Meeks Event Recap

MiDA Advisors was pleased to c0-host an impactful virtual discussion in partnership with the NASP-MiDA Advisory Council with U.S. Congressman Gregory Meeks, Chairman of the House Foreign Affairs Committee, focusing on key priorities for reinforcing the economic relationship between the U.S. and Africa. Congressman Meeks' remarks were followed by a panel discussion with experts from the United States and Africa moderated by MiDA CEO Aymeric Saha.

News

New G7 Development Finance Institutions and Multilateral Partners to Invest Over $80 Billion into African Businesses Over the Next Five Years

The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD, and the EIB today announced that they were committed to investing $80 billion in the private sector over the next five years to support sustainable economic recovery and growth in Africa.

The Covid-19 pandemic has caused a severe global economic and health crisis. The announcement is a welcome boost to support the long-term development objectives of African economies that have been negatively impacted by the Covid-19 pandemic. It is the first time the G7 DFIs have come together to make a collective partnership commitment to the African continent.

Institutional Asset Owners: Approaches to setting social and environmental goals

Institutional asset owners are increasingly interested in incorporating social and environmental factors into their portfolios and investments strategies. The pandemic, the climate crisis, and other social and environmental challenges have all signaled a fundamental need for change – to allocate more capital into investment products that incorporate some consideration for the real-world outcomes that the investments generate.

1629 K Street NW

Washington, DC 20001